Ebay wins back Craigslist stake

ebays whitman pleads unaware of craigslist misuse thumb ebay

Following years of increasingly rancorous disputes, a Delaware judge has reinstated eBay’s 28.4 percent stake in online classified ad outfit Craigslist…but is permitting Craigslist to keep eBay off its board of directors. The mixed ruling is a partial win for both companies…although eBay was quick to declare a total victory.

“We are very pleased that the Court gave eBay what it sought from the lawsuit,” said eBay general counsel Michael R. Jacobson, without mentioning the board seat. “eBay brought this suit to protect its own shareholders and preserve its valuable investment in Craigslist.”

This particular dispute goes back to 2008, when eBay sued Craigslist claiming the smaller online classifieds service had maneuvered to dilute eBay’s stake in the company from 28.4 percent to 24.86 percent—a move which diluted eBay’s stake enough to knock them off Craigslist’s board.

However, the ultimate cause of friction between the companies stems from eBay’s interest in entering the online classifieds market—which it did in 2005 with a service called Kijiji—now rebranded as eBay Classifieds. Craigslist asserted that eBay—then run by current California gubernatorial candidate Meg Whitman—used its position on Craigslist’s board to gain confidential information about how Craigslist ran its classified ads business…and then used that information to launch its own classifieds service.

Craigslist has not officially commented on the court’s ruling. Under the ruling, Craigslist will be able to retain staggered board elections which will effectively keep eBay off the company’s board.

Last week, Craigslist removed “adult services” listings from its Web sites in the face of growing controversy and criticism the firm was encouraging sex trade and human trafficking.


Google hit with another fine by the EU, this time for $1.7 billion

Google has been fined for the third time by the EU, this time for breaching antitrust laws by requiring third-party websites using its search function to prioritize its ads over competitors.
Movies & TV

MoviePass returns to unlimited movies plan, but with plenty of restrictions

Troubled subscription-based movie service MoviePass is making headlines on a daily basis lately, and not in a good way. Here's a timeline of events for the company once described as Netflix for movie theaters.

Confused about RSS? Don't be. Here's what it is and how to use it

What is an RSS feed, anyway? This traditional method of following online news is still plenty useful. Let's take a look at what RSS means, and what advantages it has in today's busy world.
Movies & TV

Disney completes its $71.3 billion purchase of 21st Century Fox

Now that Walt Disney Company has closed its $71.3 billion purchase of 21st Century Fox's movie and television assets, what does this future hold for franchises like X-Men, the Fantastic Four, The Simpsons, and the rest?

Worried about your online privacy? We tested the best VPN services

Browsing the web can be less secure than most users would hope. If that concerns you, a virtual private network — aka a VPN — is a decent solution. Check out a few of the best VPN services on the market.

Which midrange Nvidia Turing graphics card should you buy?

Nvidia's top midrange cards are all solid performers, but which offers the best bang for buck? To find out where you should spend your money on your next big upgrade, we pitted the GTX 1660 vs. GTX 1660 Ti vs. RTX 2060.

Convert your PDFs into convenient Word documents with Adobe or a free option

PDF files are great, but few document types are as malleable as those specific to Microsoft Word. Here's how to convert a PDF file into a Word document, whether you prefer to use Adobe's software suite or a freemium alternative.

Our favorite Chrome themes add some much-needed pizzazz to your boring browser

Sometimes you just want Chrome to show a little personality and ditch the grayscale for something a little more lively. Lucky for you, we've sorted through the Chrome Web Store to find best Chrome themes available.

Need a free alternative to Adobe Illustrator? Here are our favorites

Photoshop and other commercial tools can be expensive, but drawing software doesn't need to be. The best free drawing software is just as powerful as some of the more expensive offerings.

You don't have to spend a fortune on a PC. These are the best laptops under $300

Buying a laptop needn't mean spending a fortune. If you're just looking to browse the internet, answer emails, and watch Netflix, you can pick up a great laptop at a great price. These are the best laptops under $300.

Dodge the biggest laptop-buying mistakes with these handy tips

Buying a new laptop is exciting, but you need to watch your footing. There are a number of pitfalls you need to avoid and we're here to help. Check out these top-10 laptop buying mistakes and how to avoid them.

Keep your laptop battery in tip-top condition with these handy tips

Learn how to care for your laptop's battery, how it works, and what you can do to make sure yours last for years and retains its charge. Check out our handy guide for valuable tips, no matter what type of laptop you have.

Is it worth spending more for the Surface Pro, or is the Surface Go good enough?

The Surface Go vs. Surface Pro — which is better? While the higher price tag of one might make you think it's an easy choice, a deeper dive into what each offers makes it a closer race than you might assume.

Amazon sale knocks $200 off the price of 13-inch MacBook Pro with Touch Bar

If you always wanted to buy a MacBook Pro but found it a bit too expensive, now is your chance to save. A base version of the 13-inch MacBook Pro with Touch Bar is currently on sale at Amazon for $1,600.